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Las remesas en América Latina, ¿amenaza u oportunidad?
[Remittances in Latin America, a threat or an opportunity?]

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  • Martin-Mayoral, Fernando
  • Proaño, Maria Belén
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    Abstract

    The purpose of this paper is to analyze the effect of remittances on Latin America`s economic growth thorough 1976-2007 controlling the potential endogeneity of the regressors through system GMM estimators for dynamic data panel model. The main conclusion is that remittances had a negative and significant effect on the region, although with low magnitude. The countries most negatively affected by remittances were Mexico, Haiti, Costa Rica and Nicaragua, while Panama, the country that led the inflow of remittances to the 1980's, was the only country with a positive impact.

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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 43730.

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    Date of creation: 05 Jul 2012
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    Handle: RePEc:pra:mprapa:43730

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    Keywords: remittances; economic growth; Latin America; GMM system;

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